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Asian banks on watch with trillion-dollar Libor transition

Lenders here at 'Phase Zero' as they wait out global shift to alternate reference rates

Singapore banks are taking a wait-and-see approach, as the global transition is in a flux.


TRILLIONS of dollars globally are priced to Libor, the scandal-tainted benchmark that is due to vanish by end-2021 - and this massive transition may catch Asian banks wrong-footed with the speed of its phase-out.

The financial markets are transitioning to alternate...